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Sir can u please tell what is meant by volume variance and expenditure variance, I was doing a revision kit by BPP and there was a question about it.
And Sir as I was following BPP book before so i often use it now to see how much I’ve covered and I see some additional topics there sometimes of chapters I learnt from your lectures like this volume variance and expenditure variance and you haven’t taught them in your lectures of the chapter Budgeting, therefore what u suggest about it?
If you want me to answer questions, then you must ask in the Ask the ACCA Tutor Forum – this forum is for students to help each other.
Variances are covered in my lectures on variances – they are not part of budgeting!!!
I assume that you are referring to fixed overhead volume variance and fixed overhead expenditure variance.
If you watch the lecture then I go through all of the variance in detail, including these two (and including the further analysis of the volume variance).I am sorry, but I cannot type out the entire lecture here.
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